Drewry Air Freight Index - A shaky March

Monday, April 22, 2013

Air freight rates out of Asia continue to be somewhat volatile, dropping from $3.32 per kilo in February to $3.15 per kilo last month, according to the latest Drewry East-West Air Freight Price Index. The March decline in rates comes after two months of steady increases. September was the last time the freight rate average hit $3.15, but if last summer is any indication of rates in 2013, pricing will continue to fall. In June and July of last year, rates came in at $3.12 per kilo and $2.99 per kilo, respectively. Pricing didn’t jump back up until October. Sources: Drewry Sea & Air Shipper Insight. Tonnage numbers at Hong Kong International Airport, the world’s top cargo airport, seem to be pointing to a recovery in ...